Tuesday - January 17, 2023

Today's newsletter will take 1.73 minutes to read.

DRS UPDATE: 50.31*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Friday recap

• Did you know?

• More on Icahn Enterprises

Good Morning! This is Mother Squeezer, the newsletter that is ready for prime time and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Remember that warning last week about volatility? Well, it looks like it's here. Be mindful that we can witness extreme swings in prices going much higher than you think and then back lower than you think before reversing again.

It seems we were off on our "Friday Night Lights" theory anticipating an announcement after hours last Friday, but maybe we were just off by a week. The options chain is primed for a rapid price increase this week with a grand finale opportunity on this coming Friday evening.

The only thing missing right now is a catalyst to light the fuse. If we get word that Bed Bath and Beyond is getting acquired, we believe we'll be Uranus bound.

Friday Recap: BBBY traded between a low of $3.65 and a high of $5.23 before closing at $3.66. Trading volume was 225.63 million shares.

Cost to borrow: There were 0 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has climbed to over 400%.

Pre market: Bed Bath and Beyond is trading down $0.19 to $3.47 a decrease of 5.21% on over 4.5 million volume.

Max pain: The current max pain for BBBY has climbed to $5.00.

Friday Recap: GME traded between a low of $19.80 and a high of $21.11 before closing at $20.49. Trading volume was X million shares.

Cost to borrow: There were 550,000 shares available earlier this morning. Currently there are 550,000 remaining. The cost to borrow has remained steady at 21.1%.

Pre market: GameStop is trading down $0.27 to $20.38 a decrease of 0.54% on 55 thousand volume.

Max pain: The current max pain for GME has risen to $23.75.

Did you know?

Previous squeeze attempts involving GME and BBBY lasted around 2 weeks and included quite a bit of volatility. This chart shows previous outcomes:

More on Icahn Enterprises

Icahn Enterprises has a vested interest in Bed Bath and Beyond, which makes its involvement in the acquisition seemingly a perfect fit. It owns Westpoint Home, which is comprised of retail brands such as Five Star Hotel, Izod, Luxor and Ultratouch.

Additionally, it has a controlling stake in Newell Brands. Newell is the parent company of familiar brands such as Dymo, Elmer's, Krazy Glue, Paper Mate, Reynolds, Sharpie Ball, Rubbermaid, Yankee Candle, Baby Jogger, Century, Graco, Coleman, Crockpot, Mr. Coffee, Oster and Sunbeam.

Many of these brands have products in Bed Bath and Beyond already. An acquisition involving Icahn Enterprises seems to make perfect sense to us.

Spread the Word

We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!

Some of our Favorite Resources

Start Here

BBBY: Ben - Mr. Business

GME: Richard Newton

Computershared.net

For errors, omissions or if you have something to share? Let us know!

Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.